Building Societies Association Sees Strength in Buy To Let

Research from the Building Societies Association confirmed the strength of the buy to let market with 89% of the 1,000 respondents seeing property as a good investment. The same amount saw it as a pension investment.

The report also showed that investors are in the market for the long term. The credit crunch has given the buy to let sector the opportunity to house those unable to get on the property ladder.

Advances for the buy to let market totalled £7.8bn in July and amounted to 23% of total lending.